A[n] ________ Trust Is Created by a Court When an Express

question 30

Multiple Choice

A[n] ________ trust is created by a court when an express trust fails and the court can imply a trust from certain behavior.

• A)Validating
• B)Actual
• C)Real
• D)Constructive
• E)Resulting

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Definitions:

Cash Flow

The sum of net income plus any noncash expenses, such as depreciation and amortization, or the difference between the actual amount of cash a company brings in and the actual amount of cash a company disburses in a given time period.

Regular Duties

These are the usual tasks or responsibilities assigned to a person in their job or role.

Takeoff Stage

Refers to the phase in a country's economic development where growth becomes rapid and self-sustaining, often marked by increases in productivity and investment.

Professional Management

The managerial process conducted by an individual or a team who are trained and skilled in planning, execution, and supervision of business operations.